Aequs Jumps 12% To All-Time High On Nuvama’s Bullish Call

Shares of contract manufacturer Aequs surged as much as 12% to hit an all-time high of ₹271 apiece on the BSE after brokerage Nuvama Institutional Equities initiated coverage on the stock with a bullish outlook. The stock later pared gains amid profit booking and was trading 6.12% higher at ₹257.60 apiece at 11:57 IST. The company’s market capitalisation stood at ₹17,276.35 Cr (about $1.8 Bn) at the time.